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Choose Your Mortgage Protection Insurance Wisely

Mortgage Protection insurances are designed to cover the mortgage payments if the insured person goes unwell, loses his job or even if he dies. Generally, people don’t like to think about the unfortunate incidents of life but the reality is that a tragedy can happen anytime and with anyone. However, one can’t control the unexpected events of life but one can surely be prepared for the same. Mortgage protection comes at one’s rescue here and enables the borrower to pay mortgage amount for their home, car or other assets. Still, everyone isn’t educated about the necessity as well as the benefits of a mortgage protection. Here, we are helping its potential customers to know more about the same and buy a cheap mortgage insurance easily. Have a look at the different plans available:

Accidental Death

Accidental Death and Dismemberment insurance is designed to pay benefits in terms of a lump sum amount when the insured dies an accidental death. These are additional benefits and are paid as an add on to the life insurance benefits to the insured. Ensuring a double coverage for the insured, these plans are also called double protection plan and pay a part of coverage if the insured loses an organ or the ability to speak, see or hear. Accidental deaths are one of the major reasons for death in U.S. and traffic accidents, heavy equipment accidents, homicide, exposure, falls as well as drowning are some of the reasons listed in an accidental death and dismemberment insurance plan. Such insurance plans are quite affordable to receive a coverage and can be purchased separately as well.

Life Insurance Mortgage

In mortgage life cover, the mortgage is linked with a life insurance policy and provides an additional layer of financial security to the insured person. When the insured person will die, the insurance provider will pay for the outstanding debt and the family will be able to live in their home happily.

There are two types of this mortgage life insurance: decreasing term policy and level term policy. In the first one, the premium decreases throughout the policy and both become zero ultimately. In the latter one, the premium is fixed throughout the policy.

Terminal Illness

Terminal Illness Insurance is designed for the situation when an insured gets detected with any of the terminal diseases and may die within 12 months. These diagnosis statements are produced by a physician with an expertise in that illness and the insurer is bound to pay out a lump sum amount to the insured without any additional charges on premiums.
 

Critical Illness

Critical Illness Insurance plans are made to help an insured get a lump sum cash amount in case of getting diagnosed with an illness listed in the insurance policy. These policies are provided for an additional premium that pays out for the cost of care and treatment, rehabilitation aids as well as outstanding financial liabilities including the mortgage payments.
 

Chronic Illness

Chronic Illness Insurance plans pay out a lump sum amount if the insured gets diagnosed with certain specific diseases such as heart attack, cancer, stroke, major organ transplant and end stage renal failure. These policies help with a partial or complete death benefit early and can be bought as an individual, as a family floater or even sometimes provided by an employer.
 
Life Insurance
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1Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
1Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
1Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
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"Monitored by Top Rank Advisors, LLC- License #: L100250"
Testimonials
1Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
1Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
1Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
Copyright © 2017, OptSoft, Inc. All Rights Reserved.
"Monitored by Top Rank Advisors, LLC- License #: L100250"